Slice Launches India’s First UPI-Powered Bank Branch in Bengaluru

In a groundbreaking move to revolutionize traditional banking, fintech firm slice has launched India’s first UPI-powered digital bank branch in Koramangala, Bengaluru. This innovation blends seamless credit access with the power of Unified Payments Interface (UPI) to offer customers a smooth, cashless banking experience. With this new venture, slice is redefining how Indians experience formal credit and core banking services.

Why in News?

Fintech company slice recently opened a UPI-powered bank branch and ATM in Bengaluru and launched its slice UPI credit card, signalling a major step in democratizing credit access in India. It marks slice’s transition from a digital-only fintech player to a full-stack bank with its own infrastructure.

Key Features of the Launch

• Branch Location: Koramangala, Bengaluru – slice’s first physical bank branch.

UPI-Powered Super Card

• No joining or annual fees.
• Functions like a credit card via UPI scan & pay.
• Offers up to 3% cashback.
• Allows conversion of spends into three interest-free EMIs via “slice in 3”.

UPI ATM

• Enables cash deposits and withdrawals via UPI.
• Aims to make basic banking services economically viable across India.

Vision and Objectives

• To democratize formal credit and extend it to underserved segments.
• Build a technology-first, trust-driven banking system.
• Deliver credit at the point of sale to millions who never used credit cards.
• Expand from a digital presence to a physical footprint in India.

Operational Uniqueness

• Unlike most fintech firms that depend on banking partners, slice has built its entire banking infrastructure – from core banking to underwriting.
• Offers instant customer onboarding and self-service kiosks.
• The digital bank branch integrates UPI at every customer interaction point.

Leadership Speak

• Satish Kumar Kalra (MD & CEO) remarked, “This is a revolution in how India will perceive banking and finance. Credit on UPI is the next leap for financial inclusion.”